A New Age In Retirement: Why Annuities May Be A Promising Path For Millennials And Gen X

Retirement planning has become more complex for Gen X and millennials, with only 14% of private workers having defined-benefit plans. Many face uncertainty due to rising healthcare costs, inflation, and longer lifespans. Younger generations prioritize steady, guaranteed income over lump sums, showing increased interest in annuities to ensure lifelong financial security and reduce the risk of outliving savings.